Nontaxable Dividends

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Nontaxable Dividends

Dividends from a mutual fund or other investment company that are not subject to federal taxation. In order to issue nontaxable dividends, more than 50% of the fund's liquidity must be placed in municipal bonds or some other security that is tax-exempt.
References in periodicals archive ?
In connection with the adoption of the Rights Plan, the Board of Directors has declared a non-taxable dividend of one preferred share purchase right (a "Right") for each outstanding share of Broadwind common stock to the Company's shareholders of record as of the close of business on February 22, 2013.
Under the terms of the Rights Plan, IES will distribute to its shareholders a non-taxable dividend distribution of one preferred stock purchase right (a "Right") for each share of IES common stock outstanding as of the close of business on February 19, 2013.
The rights will be distributed as a non-taxable dividend and will expire ten years from the Rights Plan adoption date.
The Kodak Board of Directors declared a non-taxable dividend of one preferred share purchase right for each outstanding share of its common stock.
The rights will be distributed as a non-taxable dividend and will expire on March 20, 2019, ten years from the record date.
One right will be distributed as a non-taxable dividend on each outstanding share of the Company's common stock as of November 18, 2005.
Nasdaq:LWSN) announced today that its Board of Directors has adopted a Shareholder Rights Plan in which preferred stock purchase rights will be distributed as a non-taxable dividend at the rate of one right for each share of common stock held as of the close of business on July 28, 2004.
Under the Plan each common stockholder of record at the close of business on January 7, 2004 will receive a non-taxable dividend of one right for each share of Class A or Class B Common Stock held.
Nasdaq:REXI), in the form of a repayment of inter-company debt and a non-taxable dividend.
The net proceeds of the offering after deducting underwriting discounts, will be distributed to the Company in the form of a repayment of inter-company debt and a non-taxable dividend.
Under the plan, which was adopted effective immediately, each holder of eXegenics common stock as of the close of business on June 9, 2003 will receive, as a non-taxable dividend, one right for each share of common stock held.
2 million after deducting underwriting discounts, will be distributed to Resource America in the form of a repayment of inter-company debt and a non-taxable dividend.